Chris Budd: How to help clients spend money on financial wellbeing

Experiences not stuff

clock • 4 min read

In his latest column for Professional Adviser, Initiative for Financial Wellbeing (IFW) founder Chris Budd looks at how to help clients spend money to maximise their wellbeing

Clients of financial advisers tend to expect to have conversations about their pensions and investments. Often, after a bit of cashflow forecasting that reveals the client is already on track to financial security, if they have not already achieved it, conversations turn to how they might spend money. So let's take a quick stroll around the subject of how to spend money to be happier. With the caveat that the amount being spent is an affordable amount. Experiences not stuff It's official: retail therapy is a myth. Spending money on buying ‘stuff' gives wellbeing that is short lived...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Identifying financial coercion is part of Consumer Duty – PIMFA

Identifying financial coercion is part of Consumer Duty – PIMFA

‘If you’ve got concerns, you need to take some action’

Sophia Panayi
clock 21 May 2026 • 2 min read
Financial capability: Why advisers are central to the solution – and the opportunity

Financial capability: Why advisers are central to the solution – and the opportunity

Education is the most scalable growth strategy advisers have

Dan Russell
clock 21 May 2026 • 4 min read
Why FCA scrutiny of consolidator integration is growing

Why FCA scrutiny of consolidator integration is growing

A shift from acquisition strategy to integration capability

Isabel Baxter
clock 20 May 2026 • 6 min read